According to a large-scale user survey conducted by Binance, over 80% of respondents have enabled two-factor authentication (2FA), and 84% of respondents express trust in protective mechanisms such as the Binance Investor Protection Fund (SAFU). This indicates a significant increase in users’ cybersecurity awareness and a growing confidence in exchange-led protection systems.
This survey, titled “Asian Crypto Security Survey,” collected a total of 29,847 valid responses from users in Southeast Asia, South Asia, and East Asia, making it one of the most comprehensive observations to date. It provides in-depth insights into how users in the region view and practice security measures, as well as how exchanges and the industry can further support users through tools, education, and proactive protection mechanisms.
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From “Awareness” to “Action”: Cybersecurity Habits are Changing
As users become increasingly proactive, their trust in exchanges is also rising.
From Passive to Active: Users Have Greater Expectations for Exchange Security
Users prioritize private key protection, and Binance enhances decentralized wallet security with MPC technology.
Simple and Localized Education is Key to Bridging the Security Gap
Binance: Comprehensive Strengthening of Security Protection
From “Awareness” to “Action”: Cybersecurity Habits are Changing
According to survey data, 47.2% of respondents are high-frequency traders, using cryptocurrency exchanges multiple times a day. Notably, nearly 30% of respondents entered the cryptocurrency market within the last six months, reflecting the rapid growth trend of the Asian crypto market.
Despite the rapid expansion of the user base, the survey also reveals a notable disparity in safety behaviors: while most users possess basic protective awareness, the adoption of advanced protective mechanisms remains insufficient:
- 80.5% of respondents have enabled 2FA, indicating good awareness of basic cybersecurity measures.
- However, only 17.6% have enabled address whitelisting, and only 21.5% use anti-phishing verification codes.
- Moreover, 34.4% of respondents store their private keys on connected devices, with this proportion even reaching 42% in Southeast Asia. These behaviors highlight the importance of continuous education and practical tools to simplify the cybersecurity protection process for all users.
Optimistically, 73.3% of users review the recipient address before transferring funds, demonstrating their attention to risk management in daily operations.
Overall, the survey indicates that ongoing education is crucial for encouraging users to confidently adopt advanced cybersecurity measures.
As Users Become More Proactive, Trust in Exchanges Also Rises
According to the survey, despite 40.7% of respondents having encountered cryptocurrency-related scams, most now exhibit greater resilience:
- More than half of the respondents (53.4%) stated that they would immediately contact the exchange to freeze their assets if they encountered a scam—demonstrating basic preparedness and trust in the platform’s response capabilities.
- Additionally, 84% of respondents indicated that they trust protective mechanisms like the Binance Investor Protection Fund (SAFU).
- While common scam tactics such as phishing links (69.5%), fake insider information (54.9%), and fraudulent airdrops (52%) still exist, survey results show that more and more users can recognize potential risk signals, becoming wiser, more proactive, and willing to use the security mechanisms provided by the platform.
From Passive to Active: Users Have Greater Expectations for Exchange Security
The survey results indicate a significant shift in users’ expectations—from past passive protection to real-time and intelligence-driven threat management. Users increasingly expect exchanges to proactively detect, prevent, and mitigate potential threats before damage occurs.
- 62.5% of respondents listed “real-time threat interception” as their primary security requirement, showing a strong demand for automated defense and warning systems.
- 50.4% of respondents expressed the need for device-level threat detection features, such as malware identification and intrusion alerts.
- Nearly half of the respondents support the establishment of a suspicious address database and the introduction of biometric verification to enhance identity protection measures.
This shift reflects a change in user mindset: exchanges are no longer seen merely as platforms for asset trading. Nowadays, users expect industry leaders like Binance to set new standards, especially in creating intelligent and intuitive security systems.
Users Prioritize Private Key Protection, Binance Enhances Decentralized Wallet Security with MPC Technology
In terms of decentralized wallets, users prioritize features that provide stronger control and intelligent threat detection. Survey results indicate that wallets are no longer simply tools for storing assets but serve as a smart security layer for asset protection.
- 62.8% of respondents listed enhanced private key protection as their most anticipated wallet feature—highlighting the high demand for more intuitive and secure self-custody tools.
- 50.4% of respondents hope for improved backup and recovery options, which are key to helping users enhance their sense of security and asset control.
- Over 40% of respondents support the development of proactive scam detection tools, such as phishing alerts, suspicious transaction monitoring, and hacker protection features.
Binance meets these user expectations through its Binance Wallet, which plays a crucial role in the decentralized wallet space. The wallet utilizes MPC (Multi-Party Computation) technology, eliminating the need for mnemonic phrases and securely splitting private keys into three encrypted keys.
Simple and Localized Education is Key to Bridging the Security Gap
Education remains a key pillar of user protection, and the survey shows that users are eager for more practical and accessible learning experiences:
- 55.8% of respondents believe that existing educational materials are “too technical and difficult to understand.”
- 39.7% prefer localized real-world case analyses to enhance their understanding of actual situations.
To effectively promote anti-scam education, it is also crucial to understand the channels through which users most frequently encounter misleading or scam content. Throughout the Asia-Pacific region, such content is most commonly found on X (formerly Twitter, at 57%) and Telegram (51.2%), although the channels differ slightly across markets—for example, in Southeast Asia, Facebook is the primary platform (61.1%), while in India, WhatsApp is a key channel (42.5%).
61.3% of respondents expressed their willingness to participate in “anti-scam simulation tests” led by exchanges to enhance their vigilance—especially when these tests incorporate rewards or gamified designs, indicating that users are not only willing but eager to learn.
Our cybersecurity team regularly shares easy-to-understand articles that break down complex topics like smishing and phishing, helping users bridge knowledge gaps while retaining all key details. We invite you to check out our security column series to embark on an insightful learning journey, helping you identify potential risks!
According to Chainalysis’s 2025 “Crypto Crime Report,” $40.9 billion was received by cryptocurrency addresses identified for illegal purposes in 2024. Although this number may rise as more illegal addresses are identified, the proportion of illegal transaction volume in the overall on-chain activity has significantly decreased—from 0.61% in 2023 to just 0.14%, demonstrating the effectiveness of proactive security measures adopted throughout the industry.
Binance continues to maintain a leading position in the security domain, significantly investing in its commitment to security and compliance, spending hundreds of millions of dollars to enhance platform protection and establish overall industry resilience.
Binance’s Security Chief Jimmy Su stated:
This article is provided by the official source and does not represent the site’s position or investment advice. Readers must conduct their own careful assessment.
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